Lenders Are Going High-tech to Spot Borrowers’ Lies

In an effort to uncover fraud, lenders have developed sophisticated algorithms designed to identify borrowers who may have lied on their mortgage applications. The systems analyze data from multiple databases, including credit bureau files, utility bills, federal and local tax data, and a variety of other information to discover misrepresentations by borrowers. Read more about this high-tech trend at: http://goo.gl/3jnnr4